The accounts receivable credit column of the cash receipts journal is:
A)posted in summary only at the end of the month.
B)posted by individual amounts only at the end of the month.
C)not posted.
D)posted in summary at the end of the month and by individual amounts on a daily basis

Question

Quizplus · Accepted Answer

The accounts receivable credit column is posted in summary at the end of the month to update the general ledger, and individual amounts are posted daily to update the subsidiary ledger.

The Accounts Receivable Credit Column of the Cash Receipts Journal